Published: 15:57, March 6, 2025
Number of private enterprises in China increases to over 56.7 million
By Xinhua
Robots work on an assembly line of a factory of a private enterprise in Zouping city, East China's Shandong province, Sept 13, 2023. (PHOTO / XINHUA)

The number of private enterprises in China had reached 56.707 million as of the end of January, data from the State Administration for Market Regulation showed on Thursday.

This figure is 5.2 times the size of 2012, the administration said.

ALSO READ: Private sector key to high-quality growth

In particular, the number of private high-tech enterprises in China has soared from 28,000 in 2012 to over 420,000 -- with their proportion in terms of the country's high-tech enterprises rising from 62.4 percent to more than 92 percent, according to the data.